Turkey Equity Movers: Anel, Trabzonspor, Ran, Vestel, Ulker

Turkey’s benchmark ISE National 100 Index (XU100) increased for the first time in three days, adding 860.71, or 1.4 percent, to 64,100.82 at the 5:30 p.m. close in Istanbul.

The following stocks were active. Symbols are in parentheses

Anel Elektrik Proje Taahhut & Ticaret AS (ANELE TI) rose for the first time in five days, adding 7 kurus, or 3.5 percent, to 2.05 liras. Anel and Anel Telekomunikasyon Elektronik Sistemleri Sanayi & Ticaret AS (ANELT) said Anel Enerji Elektrik Uretim Sanayi & Ticaret AS, their energy unit, signed a final agreement with Austria’s Kioto Photovoltaics GmbH to establish a joint company and make solar panels in Turkey. Anel Telekom climbed the most this month, rallying 4 kurus, or 3.3 percent, to 1.26 liras.

Fenerbahce Sportif Hizmetler Sanayi & Ticaret AS (FENER TI), the merchandising unit of Fenerbahce soccer club, headed for the lowest close in more than a year, losing 2.30 liras, or 4.7 percent, to 46.70 liras. The stock has plunged 35 percent this week. An Istanbul court arrested 15 people, including an executive of Fenerbahce, pending trial, as part of the investigation into alleged match fixing, according to state news agency Anatolia. Trabzonspor Sportif Yatirim & Futbol Isletmeciligi Ticaret TAS (TSPOR TI), the merchandising unit of soccer club Trabzonspor, which finished Turkey’s top league in second place, surged the most since April 2010, soaring 3.20 liras, or 16 percent, to 22.75 liras.

Ran Lojistik Hizmetleri AS (RANLO) , a freight transporter, rose 5 kurus, or 3.5 percent, to 1.47 liras after saying it decided to sell its 24,750 square-meter storage facility in Istanbul’s Kartal district following an assessment of its value.

Ulker Biskuvi Sanayi AS (ULKER) gained 14 kurus, or 2.5 percent, to 5.68 liras, erasing yesterday’s 2.5 percent drop. The Turkish foodmaker plans to hold initial share offers to sell as much as 60 percent in four of its units within the next two years, NTV said on its website, citing Chief Financial Officer Cem Karakas. The companies are Ulker Cikolata, Besler, Akgida and Polinas, NTV said.

Vestel Beyaz Esya Sanayi & Ticaret AS (VESBE TI) snapped two days of declines, adding 4 kurus, or 1.5 percent, to 2.69 liras. The home appliance maker was raised to “market outperformer” from “market performer” at Ak Invest, with a 12-month price estimate of 3.5 liras.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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